Value of 1999 382
 

I've been surprised to learn that the trade-in/wholesale value of my pristine 382 w/HP500EFI's is less than $100K.

I've gotten this from 2 different dealers on 2 different brands of boats (Whaler and Pursuit), both of whom will give me more than 20% off list on a new, 2005 boat, but less than 100 for my Formula.

I see this boat advertised for anywhere from $145 to $170, so I figured it might be worth $125 as a trade.

Nope.

What do you guys think?

Hey, Robert!

Re: Value of 1999 382
 

I'd try to sell it privately before I took a bath from the dealers. Boats, trucks, it doesn't matter, the dealers want to do nothing but screw us.

I would not accept 100K as a trade in amount.

Re: Value of 1999 382
 

125K ? not at 20% + off on new. not right now. :(

They've got to be able to price the Formula to move in a depressed market going into winter, and make a profit on the deal. Not to mention protecting themselves in terms of taking a trade on the 382. They don't want to sit on the 382, that's for sure.

Now is a time to buy clean not trade.
can you sell it outright for 125K ?

Advertised prices mean the least right now of anytime.
What are boats such as yours actually changing hands for in the clean deal market?

Re: Value of 1999 382
 

I have no idea what they're ACTUALLY changing hands for. Part of the reason for my question.

Re: Value of 1999 382
 

2 years ago a friend bought a '97 382 w/HP500's in MINT condition for $95k. 2 years ago was a better market than today also.

Re: Value of 1999 382
 

call some brokers for some info on the money they are being sold for.

Re: Value of 1999 382
 

Doesn't sound quite right, as I was offered 100,000 on a trade for a new 353, for my 2003 292. Didn't make the deal as of yet.

Re: Value of 1999 382
 

But how much of a discount in the 353?

Re: Value of 1999 382
 

exactly, it's really all about trade difference to compare deal to deal when trading. The numbers on your trade can be dressed a half a dozen ways for various purposes. :rolleyes: I only do business one way on cars, trucks, boats, and that is a no trade representation of the numbers. I've always been fortunate to do business with those who will give you the straight poop the first time...no bull**** runaround. I buy at cost or a little over, give me a wholesale kind of # for my trade, dress the numbers however necessary for the lender. Saves alot of time and backfiguring.

Re: Value of 1999 382
 

Apache,
Part of the issue with low trade-in values you're receiving is where you're trying to trade. Whaler??? Pursuit???? Are you sure these "fish bote" guys even want your go-faster? That's certainly not the kind of dealer where you're going to get top dollar for your boat.

I think you need to sell outright.